A brief history of economic thought : David Ricardo

David Ricardo
He was born in 1772
in London
He was impressed by Adam
Smith’s book “An Inquiry into
the Nature and Causes of
the Wealth of Nations”
In 1809 he published a
brochure “On the High
Price of Bullion”
In 1815 he published “An
Essay on the Influence of
a Low Price of Corn on
the Profits of Stock”
In 1817 he published
“Principals of Political
Economy and Taxation”
David Ricardo’s major ideas:
The annuity land charge does not come from
the special productivity of agricultural economy
rather than the worsening of the circumstances
under whom the agricultural labor is spent or the
dislocation of the production from a piece of land
of high quality towards a piece of land with lower
David Ricardo’s major ideas:
The value of the grain Is affected
by the higher amount of labor spent
to grow the crop on a poorer soil
David Ricardo in Greece:
For the first time in the 1930’s begins
to get translated in Greek, more than
100 years after the publication of
“Principals of Political Economy and
David Ricardo in Greece:
Principals of Political Economy and
Taxation” first time printed in 1938 in
Athens, the translation is made by N.
Konstantinidis for “Govostis”

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